In a tech-driven business world, the human resource (HR) environment is ever-evolving. With new processes and software being developed, hiring has become more forward-thinking, helping to ease the day-to-day tasks of many recruiters.
The process from recruiting, through hiring and onboarding can be long and strenuous for a business that is trying to fill an open position. Knowing the investment it takes to go through this process, businesses have been placing an emphasis on putting smart human resource technology to use in recent years. A majority of the vested interests for these businesses has been on cloud technology, mobile platforms, big data, artificial intelligence, and IoT.
Technology in the Hiring Process
Hiring the right candidate in an efficient manner is a top priority for any business looking to hire. With advanced technology emerging, there have been noticeable improvements in the hiring process from start to finish. 94% of surveyed recruiters felt that recruitment software had a positive impact on their hiring process.
Smart technology is proving to be a valuable asset in the recruiting space, providing more intelligent reference checks, reduced time to hire, and better candidate screening.
Intelligent Reference Checks
Reference checks used to be a simple, almost unnecessary, process of asking a candidate’s previous employers to confirm dates of employment and give a brief overview of their work ethic. This less-detailed process made it difficult to get an accurate depiction of how well the prospective candidate would fit into the company and position.
With the use of today’s advanced software, reference checks are now a powerful tool used in recruiting top-level candidates whose employers are able to provide better insights on their capabilities. By sending high-quality surveys to references in a matter of minutes, recruiters can receive results back faster than traditional cold calling methods. Having a clear picture of a candidate outside of their resume can assist recruiters in making more informed hiring decisions. The most ‘evolved’ of these solutions also include predictive analytics that will help your organization understand how that individual will perform if hired.
With the various tasks that go into the hiring process, there’s a strong need for organized management on the business front-end to effectively transition candidates from the state of applying, to onboarding. Using a cloud-based system that manages multiple processes, can help keep these tasks move along more smoothly. By implementing a human capital management system, you can reduce your company’s HR costs and production efficiencies significantly. HCM systems grant fast access to prospective candidate information when the need for immediate hiring action exists in a period of employee scarcity. Additionally, the ability to use predictive analytics for more accurate hiring decisions based on historical and current indicators can ultimately decrease your company’s time spent on allocation needs. This can be incredibly impactful in future use cases when determining which qualifications, background, and traits you would prefer in a candidate, as you can rely on your learnings from the data of current and previous employees.
Better Candidate Screening
Intelligent screening systems are changing the field of play for large businesses who may receive hundreds of applications for a single position. Filtering through each of these applications in a time-efficient manner has historically been a mundane and unrealistic task for one individual. With applicant tracking systems (ATS) that use smart capabilities, robotic software filters through each candidate resume looking for highlighted keywords that your company pre-selects that match the job description. This software helps recruiters to increase their efficiency. Intelligent screening systems help reduce the number of hours and individuals needed to sort through these resumes.
Though traditional ATS systems have been used for decades, new advancements have given these systems the ability to filter through both external and internal candidates. Intelligent screening systems also have the ability to utilize existing employee data to gain a deeper understanding of preferred qualities, job history, performance, and turnover rates to make more informed screening decisions.
As technology continues to improve throughout the years, we will likely see further progression made in automation of the hiring process. Implementing and integrating advanced systems to help create a more agile flow in your business could help you attract top-level talent in a faster time frame.